return icon Vietnamnet.vn

Vietnam lags behind Thailand in use of blockchain in agriculture

Agriculture is the livelihood of 70 percent of Vietnamese. However, high prices, unequal quality, and the lack of information about products have all made it difficult to compete with Thai products of the same kinds.
VietNamNet Bridge - Agriculture is the livelihood of 70 percent of Vietnamese. However, high prices, unequal quality, and the lack of information about products have all made it difficult to compete with Thai products of the same kinds in international and domestic markets.


{keywords}

Agriculture is the livelihood of 70 percent of Vietnamese



Thai pepper is sold at VND150,000 per kilogram in the world market, while Vietnamese pepper is VND90,000. Deputy director of the Vietnam Agriculture Academy Dao The Anh said that Vietnam’s products will find it difficult to access high value chains if they do not use advanced technology. 

Many smart agriculture solutions have been applied in the last few years. However, they have only assisted farmers in the production process, allowing them to automate irrigation or watch over the development of crops. Meanwhile, consumers are concerned about the origin of products.

Many smart agriculture solutions have been applied in the last few years. However, they have only assisted farmers in the production process, allowing them to automate irrigation or watch over the development of crops. Meanwhile, consumers are concerned about the origin of products.

In fact, some food processing and distribution companies have used product traceability technologies, but these are out-of-date technologies which are costly if used on a large scale.

The use of blockchain technology for data management was recently explained at the 2018 Spring Agriculture Forum.

One of the apps tracks down the origin of products. All distributors and farmers can check the status of products to find out where the products are, how many products the clients have ordered, and how many products are in stock. 

The information allows them to optimize production plans, and predict demand for farm produce.

Scientists point out that blockchain use can bring benefits immediately. Use on a large scale won’t lead to an increase in cost, because the technology does not increase in price in accordance with the scale of use.

Vu Truong Ca, chair of Lina Network, one of the blockchain development companies, said there are blind spots in supply chains, and that blockchain can show exactly where a product is and its status. 

Lina Network on April 24 reached an agreement with ChokChai, South East Asia’s milk cow farming group, S.A.P Siam Food and AIM THAI on the application of Lina Supply Chain technology to trace the origin and quality of agricultural products.

The Lina platform is optimized with a hybrid design, allowing the Lina supply chain to ensure real-time traceability of products, with three key strong points: transparency, optimization, and traceability.

According to Siwat Yeesunsang from Siam Food, the group will have to change many operating procedures when applying Lina, but he believes it will help Siam Food save a lot of money on operations and ads, and help producers connect directly with customers.


RELATED NEWS

Hi-tech farming: new target for corporations

Hi-tech agriculture: a solution and a challenge


Nam Thanh

MORE NEWS

VIETNAM NEWS HEADLINES OCTOBER 6

HCM City to be next destination of Italian Film Festival 2022

2023 AFF Club Championship schedule, structure announced

The 2023 ASEAN Football Federation (AFF) Club Championship will start on September 27 2023, and end on May 15, 2024, the AFF Competition Committee announced at an online meeting on Monday.

HCM City’s dengue fever deaths highest in decade

HCMC recorded some 25 deaths due to dengue by October 2, the highest in a decade, according to the HCMC Center for Disease Control.

Hospitality providers in Hanoi Old Quarter revive

Hospitality providers in Hanoi’s Old Quarter have been gradually recovering from the COVID-19 pandemic. Since March 15, most of them have so far been brought back to life.

After discovery of fake VietGAP-certification, 12 units under probe

After local media reported about vegetables with counterfeited VietGAP certificates, the Ministry of Agriculture and Rural Development (MARD) asked for a review of 12 certification units and threatened to strictly punish any violators.

Another three Vietnamese digital platforms qualify for being popularized

Vietnam is expected to maintain its seventh place in the number of new app downloads globally.

Foreign travel website suggests 10 best things when visiting Vietnam

Kayaking in the waters of picturesque Cat Ba island and taking a food tour to sample delicacies around Ho Chi Minh City are among the 10 best things to do in Vietnam, according to UK-based travel website Time Out.

Vietnam’s coconut kingdom protects organic coconut areas by biological methods

When the trend of consuming organic products is increasingly popular, the development of organic material sources has become an urgent requirement. Protecting these sources has become a great concern of producers in many countries around the world.

Electronics industry capacity must keep up with increased investment

Vietnam needs policies to enable the electronics industry to ready its supply chain as the country becomes ever more attractive for investment, Deputy Director of the Industry Agency under the Ministry of Industry and Trade Pham Tuan Anh said.

VN central bank shifts up interest rates to combat US Fed adjustments

After the State Bank of Vietnam implemented the new operational interest rate on September 23, all joint-stock commercial banks, with the exception of state-owned ones, have adjusted the deposit interest rate for most terms.

HCM City targets international cruise tourists

Ho Chi Minh City has great potential to attract international cruise tourists as part of an effort to speed up tourism recovery post-pandemic, experts said.

Waste criteria lacking for nation’s IPs

Vietnam’s industrial parks are in the process of transitioning to more ecological models, but are struggling due to a lack of regulations on reusing treated waste and wastewater.

Vietnam experiences solid rise in production

The Vietnamese manufacturing sector rose solidly inside growth territory at the end of the third quarter of the year.

VN-Index bounces back from two-year low

The benchmark VN-Index on Wednesday regained the 1,100-point landmark after falling to a two-year low, but low liquidity may threaten the market recovery in the next sessions.
back_to_top